Which One of the Following Is Contained in the Corporate

question 53

Multiple Choice

Which one of the following is contained in the corporate bylaws?

• A)Procedures for electing corporate directors
• B)State of incorporation
• C)Number of authorized shares
• D)Intended life of the corporation
• E)Business purpose of the corporation

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Definitions:

Normative Economics

An area of economics that makes assessments of economic fairness or desired economic outcomes and aims of public policy.

Consequences

The outcomes or effects resulting from a particular action or set of conditions.

Negative Relationship

A relationship between two variables, X and Y, in which a decrease in X is associated with an increase in Y and an increase in X is associated with a decrease in Y.

Positive Relationship

A situation where two variables move in the same direction, meaning as one variable increases, the other variable also increases.